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Joint Venture of Fort Lincoln New Town Corporation
Trammell Crow Company CSG Urban Partners
The District’s most highly anticipated retail development
is finally here. The Shops at Dakota Crossing will bring a
destination shopping venue to Northeast DC, drawing crowds
from the entire District of Columbia, surrounding neighborhoods,
as well as surrounding Maryland and Virginia suburbs. Anchored
by a top-performing Costco and a now under construction Lowes,
the project will feature a carefully curated mix of national,
regional and local retailers and restaurants.
Strategically perched along the major New York Avenue/Route
50 thoroughfare, the Shops at Dakota Crossing benefits from
easy access and excellent visibility to an average of over 100,000
vehicles per day on average. In addition to the commuters and
visitors on New York Avenue, the Shops are convenient to the
residents of the adjacent Fort Lincoln neighborhood – one of the
most vibrant and successful planned residential communities in
the area.
W O R T H T H E
W A I T.
2
..
PROPERTY OVERVIEW
WASHINGTON, DC
MARYLAND
VIRGINIA
66
395
295
495
50NEW YORK AVE.
MARSHALLS
SPACE
AVAIL
ABLE
LOW
ES
PETSMART
COSTCO
COSTCOGAS
NEW YORK AVENUE
SOUTH DAKOTA
3RD S
TREET
FORT LINCOLN DRIVE
(Lease Pending)
(Lease
Pending)
Located in the Fort Lincoln neighborhood in NE Washington, DC
The Shops at Dakota Crossing Site Plan
LOCATION
ANCHOR TENANTS
PARKING RATIO
ESTIMATED DELIVERY
New York Avenue & South Dakota AvenueFort Lincoln, NE in Washington, DC
Costco, Lowes, Marshalls and Petsmart
2,500 spaces at a ratio of 4.3 per 1,000
• Costco opened in November 2012• Marshalls opens in 2015• Petsmart opens in 2015• Lowes opens Summer 2015• In-line space delivering late 2015
PROJECT SIZE420,000 Square Feet
3
TRADE AREA
BLADENSBURG RD.
RHODE ISLAND A
VE.
EASTERN
AVE.
495
495
50
395
1
66
95
295
295
395
NEW
HA
MPSH
IRE A
VE.
REAGAN AIRPORT
SOUTH
DAKO
TA AV
E.
NEW YORK AVE.
1 MILE 5 MILES3 MILES
HYATTSVILLE
DEANWOOD
COLUMBIAHEIGHTS
SILVER SPRING
UNION MARKET
FEDEX FIELD
FORT LINCOLN
CAPITOL HILLDOWNTOWN
WASHINGTON NATIONALS BALL PARK
NATIONALARBORETUM
GREATERLANDOVER
DC USA
CITY MARKET AT O
RHODE ISLAND CENTER
CONSTITUTION SQUARE
CITY VISTA
SHOPPES AT ART DISTRICT
CAPITAL PLAZA
SHOPPES AT NEW CARROLLTON
VISTAGARDENS
MARKETPLACE
LARGO PLAZA
RHODE ISLAND PLACE
MONROE ST. MARKETPLACE
METROPOLITAN SHOPS
PRICE GEORGE’S PLAZA
PRINCE GEORGE’S MALL
PENTAGON CENTRE
HECHT’S REDEVELOPMENT
(Coming Soon)
WALMART
WALMART(Proposed)
SKYLAND TOWN CENTER
WALMART(Proposed)
WALMART
WALMART
GOOD HOPE MARKETPLACE
CAPITOL GATEWAY
WOODMORE TOWNE CENTRE
BOULEVARD AT CAPITAL CENTRE
4
TRADE AREA DEMOGRAPHICS
5 MINUTES
10 MINUTES
15 MINUTES
1 MILE
3 MILES
5 MILES
REAGAN AIRPORT
HYATTSVILLE
GREATERLANDOVER
DEANWOOD
COLUMBIAHEIGHTS
SILVER SPRING
UNION MARKET
FEDEX FIELD
FORTLINCOLN
CAPITOL HILL
DOWNTOWN
WASHINGTON NATIONALS BALL PARK
NEW YORK AVE.RHODE ISLAND AVE.
SOUTH
DAKO
TA AV
E.
EASTERN
AVE.
495
495
50
395
1
495
295
295
395
NEW
HA
MPSH
IRE A
VE.
BLADENSBURG RD.
National Mall 10 Minutes Away
Travel TimesAnnapolis/ Bay Bridge 40 Minutes Away
Columbia 40 Minutes Away
Baltimore 50 Minutes Away
Travel Times
5 MIN. DRIVE TIME 25,311 $71,391 9,956 17,932
10 MIN. DRIVE TIME 275,300 $88,016 115,822 319,431
15 MIN. DRIVE TIME 714,852 $91,774 298,194 816,502
1 MILE 23,252 $72,591 9,536 12,368
3 MILES 250,561 $78,396 101,419 165,618
5 MILES 725,756 $87,674 299,615 761,412
POPULATIONAVERAGE
HOUSEHOLD INCOME
NUMBER OF HOUSEHOLDS
DAYTIMEPOPULATION
5
MEET YOUR CUSTOMERS
21% within 10 minute drive, 11% within 3 mile radius
These tech-savvy Millennials live in fashionable neighborhoods on the
urban fringe. Affluent, highly educated and ethnically mixed, Young Digerati
live in neighborhoods filled with trendy apartments and condos, fitness clubs, and clothing boutiques, casual
restaurants and all types of bars - from juice to coffee to microbrew.
URBANICITYThe trade area is predominantly affluent and urban, with a smaller segment of low income urban residents. There are some suburban pockets containing a range of incomes.
LIFESTAGESThe trade area has more singles - both young and elderly - than families. Most young people are high income, young professionals, whereas there are elderly residents of all income levels.
Young Digerati
11% within 10 minute drive, 7% within 3 mile radius
A collection of mobile urbanites, Bohemian Mix is made up of an
ethnically diverse, progressive mix of young singles, couples and families,
ranging from students to professionals. In funky row houses and apartments,
they are early adopters who are quick to check out the latest movie,
nightclub, laptop and microbrew.
Bohemian Mix
11% within 10 minute drive, 11% within 3 mile radius
These residents seem to have it all: high incomes, advanced degrees,
and sophisticated tastes to match their credentials. Many of these city
dwellers are married couples with few children who live in fashionable
homes on small, manicured lots.
Money & Brains
6
FORT LINCOLN- DAKOTA CROSSING
CITY HOMES AT FORT LINCOLN
Planned Development50 Townhomes
FORT LINCOLN DEVELOPMENT
(PROPOSED)363 Total Units
260 Multi-family63 TownhomesProjected Buyer
Profile: $100,000-$150,000
Avg. HH Income
VILLAGES AT DAKOTA CROSSING
322 Townhomes277 Already Sold/ Under
ContractAverage Sales Price:
High $400,000
TOWNHOMES/CONDOS
Dakota Crossing Sold Out (209 Units Sold
& Occupied)Average Sale Price:
$460,000
RESIDENTIAL DEVELOPMENT
(UNDER CONSTRUCTION)
42 UnitsListing Price:
$599,000 -$699,000
WESLEY HOUSE SENIOR LIVING120 Senior Living
Units
DAKOTA PARK EXISTING
SENIOR HOUSING
MARSHALL ELEMENTARY
SCHOOL
FUTURE RESIDENTIAL
DEVELOPMENT42 UNITS
THURGOOD MARSHALL EDUCATION
CENTER
NATIONAL ARBORETUM
PROPSED MARSHALL
COMMUNITY CENTER
FORT LINCO
LN DR. NE
FT.
LIN
CO
LN
DR
. N.
CO
MM
ODORE JOSHUA BARNEY DR.SO
UTH DAKOTA AVE.
V ST.
BLA
DEN
SB
URG RD.
MARYLA
ND/ D
C BORD
ER
34,500 VPD
15,0
00 V
PD
123,300 VPD
NEW YORK AVE.
THE FORT LINCOLN NEIGHBORHOOD
This long established neighborhood has grown into a community of more than 1,800 housing units including apartments, luxury condominiums
and townhomes- all sharing a community center, recreation center,
pool, tennis courts, basketball courts, baseball fields, picnic groves
and the community park. Another 40 acres of upscale apartments,
townhomes and recreational facilities are presently under
construction or proposed.
7
LEASING PLAN
MARSH
ALL
S
Spac
e Ava
ilabl
e
37,0
00 SF
LOW
ES
PET
SMART
COSTCO
COSTCOGAS
NEW YORK AVENUE
SOUTH DAKOTA
3RD S
TREET
FORT LINCOLN DRIVE
5
6
7
8
9
10
3
(Open)
(Com
ing
Soon
)
(Lea
se
Pend
ing)
(Lea
se
Pend
ing)
8
Total SF: 411,922
RETAIL OPPORTUNITIES
MARSH
ALL
S
Spac
e Ava
ilabl
e
37,0
00 SF
LOW
ES
PET
SMART
NEW YORK AVENUE
SOUTH DAKO
TA
3RD S
TREET
FORT LINCOLN DRIVE
(Lea
se P
endi
ng)
(Lea
se
Pend
ing)
2,330SF
2,254SF
2,451SF
2,194SF
2,300SF
2,294SF
4,500 S
F
5,000
SF
5,000 SF
1,200SF1,178SF
995SF
1,200SF1,166SF
2,132SF2,439
SF
2,7
84
SF
1,80
8S
F1,5
47
SF
1,565SF
BUILDING 5
BUILDING 3
BUILDING 6
BUILDING 7
BUILDING 8
BUILDING 9
BUILDING 10
6,960 SF
5,640 SF
6,960 SF
12,275 SF
4,500 SF
5,000 SF5,000 SF
OUTDOOR SEATING
OUTDOOR SEATING
OUTDOOR SEATING
OUTDOOR SEATING
OUTDOOR SEATING
OUTDOOR SEATING
9
Lowes Opening Summer 2015Marshalls, Petsmart Opening 2015In-line Shops Opening Late 2015
SMALL SHOP BUILDINGS
BUILDING 6 BUILDING 7
BUILDING 8 BUILDING 9
BUILDING 10
10
(GROUND LEASE- CONCEPT PLAN SHOWN)
Joint Venture of fort LincoLn new town corporation
trammeLL crow company cSG urban partnerS
Retail Consulting and Leasing
Retail Consulting and Leasing
Retail Consulting and Leasing
LEASING & MANAGEMENT SERVICES
KRISTEN BRAUN +1 202 585 [email protected]
LISA STODDARD+1 202 585 5519
© 2014 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to